A limited constitutional government calls for a rules-based, freemarket monetary system, not the topsy-turvy fiat dollar that now exists under central banking. This issue of the Cato Journal examines the case for alternatives to central banking and the reforms needed to move toward free-market money.

The more widespread use of body cameras will make it easier for the American public to better understand how police officers do their jobs and under what circumstances they feel that it is necessary to resort to deadly force.

Americans are finally enjoying an improving economy after years of recession and slow growth. The unemployment rate is dropping, the economy is expanding, and public confidence is rising. Surely our economic crisis is behind us. Or is it? In Going for Broke: Deficits, Debt, and the Entitlement Crisis, Cato scholar Michael D. Tanner examines the growing national debt and its dire implications for our future and explains why a looming financial meltdown may be far worse than anyone expects.

The Cato Institute has released its 2014 Annual Report, which documents a dynamic year of growth and productivity. “Libertarianism is not just a framework for utopia,” Cato’s David Boaz writes in his book, The Libertarian Mind. “It is the indispensable framework for the future.” And as the new report demonstrates, the Cato Institute, thanks largely to the generosity of our Sponsors, is leading the charge to apply this framework across the policy spectrum.

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Legal Briefs

Locke v. Davey

By
Clint Bolick

February 1, 2004

The state of Washington denied Joshua Davey a publicly funded scholarship because he had chosen to pursue a pastoral studies major at a religious college. Had he chosen to study theology at a public or a private secular university, he would have received the scholarship. Davey thus claims that Washington, under its Blaine Amendment, has limited the choice of an individual to pursue a religious vocation, in violation of the First Amendment Free Exercise Clause. Cato’s brief, joined by the Institute for Justice, the Center for Educational Reform, Citizens for Educational Freedom, and the Goldwater Institute, argues that Washington’s Blaine Amendment cannot be divorced from its antecedents in religious bigotry and that the state’s efforts to control and channel individuals’ free and independent choices about religion violate the Constitution.